BREAKING: Zenith Bank Awards N59 Million To Startups In #Zecathon Competition—Zenith Bank is set to award N59 million to Nigerian startups through its pitch competition tagged Zechathon 3.0, where young innovators will present their ideas.
The hackathon program, which is being organized in partnership with accelerator firm, Seedstars, will also offer business support for its participants through training, mentorship, and investor networking opportunities, further enabling startups to achieve their growth trajectories.
According to the bank, the program is aimed at shaping the future of business in Africa.
Announcing the competition on Friday via a statement, the bank said Startups looking to participate in the program should be at the MVP stage with a full team and have raised no more than $75,000 in funding. Additionally, they must operate within domains of retail, eCommerce, payments, lending, wellness, cybersecurity, EdTech, energy, AgriTech, entertainment, transport and logistics, and SMEs.
Fostering tech development in Nigeria
Commenting on the program, the Executive Director of Zenith Bank PLC, Temitope Fasoranti, said:
She added that winning participants will not only receive the cash prizes but will also gain invaluable pitch training, be part of a follow-on program, and access to Seedstars’ global network.
Rolake Rosijuli, Director for Partnership and Programs, Africa at Seedstars, also shared,
Breakdown of prizes
According to the bank, the top prizes to be won by startups participating in the hackathon include:
Startups interested in participating in the hackathon can apply here on or before the 14th of November, 2023.